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via finance.yahoo.comCapital Markets

Pfizer taps Blackstone to fund development costs of its once-monthly weight-loss drug

FROM THE WIRE · FINANCE.YAHOO.COM

Blackstone Life Sciences agrees to pay $1.5 billion in development costs for Pfizer’s berobenatide through 2028 in exchange for milestone-based payments. Continue Reading

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe milestone-based financing is relevant for Pfizer's drug pipeline but does not change the sector outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Blackstone Life Sciences will pay $1.5 billion in development costs for berobenatide through 2028.
  2. 02In exchange it receives milestone-based payments.
  3. 03The drug is a once-monthly weight-loss treatment.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Pfizer Inc.PFEStock29.13 USD-0.21%today -1.10%Neutral Blackstone Inc.BXStock120.31 USD+0.27%today -1.39%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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